129756501020468750_1051th page: on unit on the gold: recovery "t 0" trading is a bad idea 2nd page: Watson: made trial system reform will heavy made stock 3rd page: GUI haoming: deceleration expected destruction limited 4th page: Zheng seeing disc: continues to see 2,418 points compete for middle should adjustable low expected 5th page: old Mage see disc: gushen of charm 6th page: leaves Tan: land financial willChicken Xiong Jinqiu: restored "t-0" deal is a bad idea on March 2, he Qiang Professor list the current "t-1" transactions there are four drawbacks: does not help market investors avoid investment risks in a timely manner; greatly reduces the efficiency of the use of funds in the stock market, reduce the liquidity of the market and of active; is detrimental to the stock market liveLeap, especially in the continuous downturn of the market state; trading of stock index futures, "t-0" transactions cannot be matched.
He Qiang proposed a stock market recovery, "t-0" trading system. "The first abuses", in my view, unless the fast-changing market or company fundamentals, normally even if bought on the day wrong, admit out the next day, in this case "t1 "and" t-0 "is not so big difference. Key is the company's fundamentals are "dramatic" changes, like Chongqing Brewery (600,132) high suddenly announced the bad news, stock continued to drop to investors runs not out, "t-0" comes in. However, if the stock on company management reflect, what can the Chongqing Brewery's shares roseMore than 80 Yuan? Bad company is not sudden, but has been there before, only intention to conceal or ignore the bad manipulation, leading to high stock prices if share prices reflect the many uncertainties in the future of the company
tera power leveling, announced that bad all of a sudden can impact what shares? This should be reflected in the share price for a long time. In addition, Chongqing beer in more than 60 YuanAbove price point for more than a year, investors simply have too many opportunities to escape, even if "t-0" or risk reduction. The so-called "dier、Santiao abuses", mainly refers to the reduced market liquidity and activity. However, speculative stocks is the crux of the a-share market's activity is too strong, rather than not enough. Secondary market speculation shares 10%On the stock exchange rate, new shares are often 90% over the exchange rate, now some experts even suggest IPOs ' implementation of the "t-0", which could cause 1000% with the first day of the new shares and warrants the same exchange rate; fees of 1 per thousand, according to securities firms charged stamp duty single edge 1 per thousand, transaction fee only loss in one day itself 3%,3Basic fried over more than 0 days on the company's market value. Exchange rate higher, investors pay a transaction fee, the more the costs paid to the broker, and not into the real economy.
Such a "liquidity" and "activity" is not what the market needs, market and therefore being sucked dry pressing, briefly active as the market remained weak in the future. As for stock trading and stockFutures "t-0" transactions cannot be matched this "fourth abuse", it can be said that any single or combination of a limited stock being long or short, they simply can't reverse transactions of stock index futures to hedge against, unless equity portfolio is a combination index
tera gold, but really want to seek this carry trade, investors can be achieved by ETF funds, and stock index futures hedging transactions.And under normal circumstances, investors would like to carry through the stock and stock index futures trading is difficult, because of the existence of transaction costs, few arbitrage opportunities. In fact, prior to 1995, stock transactions is "t-0". In 1994 when the bear market
diablo 3 power leveling, stock day trading only dozens of hands. In view of this, market liquidityFear and "t-0" or "t-1" trading system-independent. And the old investors will remember that on October 7, 1993, "Bao extended storm" extension in the industry a unique market in the day star unit, 30 million shares in the extension of the scale of the first time sold 41.5704 million shares, exchange rate of 138.6%, swings up and down the same day solutions100%, the yen fell back to $ 34.61; continued to fall on October 8 30.08%.
Unconstrained speculative fluctuations, success does not rule out the possibility that a small number of retail, but more become cannon fodder. He Qiang believes implementation of "t-0", investors can be sold at any time, and restraining the rising speculation, it's just wishful thinkingMethod. "T-0" have two sides, you can sell after investors bought up, but again, after investors sold out you can buy.
Speculative market cannot be subdued, but will bankers played tricks more sly and unpredictable, harm must be retail. Although the stock market over the last century 90 's progress, but did not reach maturity, large investorsChips hyped business model there is no fundamental change. Although he is aware of the problem after the President took office, and with much fanfare to shareholders recommending blue-chip stocks, with a view to changing market profit mode, but now it all with little success. Currently 0026 share plates to see themes such as touch screen unit, see ST trash, strutting in the market, banks and other blue-chip stocksBut with his head, know the market or remain in the wild age, mature market, "t-0" system, the a-share markets can blind copying?
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